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Key facts from the blockchain field

12/14/2018
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The published report of the Cambridge Business School allows not only to get an idea about the economy of the blockchain, but also to create an understanding of the future of digital assets. The document on 96 pages tells about what is happening in the ecosystem of cryptocurrency.

Facts and Figures

The report dispelled several important myths. It is reported that the mining of cryptocurrency has not become centralized. Teams of assets like ethereum and bitcoin fear nothing else but this. At the same time, a significant part of farms and ASICs use renewable energy sources. This puts an end to the debate about how blockchain is dangerous for the ecology of the planet. With regard to user activity, the report provides specific numbers:

  • more than 139 million people registered on trading floors;
  • 35 million people passed the person verification procedure;
  • only one of the three registered is actively trading;
  • Mobile wallets are more popular than browser versions;
  • Almost 80% of investors prefer to keep their funds in “cold” wallets.

It was also noted that the industry has its own problems. Up to 80% of companies from the field of cryptocurrency do not share information about their activity, at the same time the number of employees in them has increased from 5 to 20 people. According to other studies, the labour market in the blockchain area is experiencing rapid growth. Over the past year, the number of vacancies has increased more than 30 times. Moreover, 29% of freelancers are ready to switch to receiving payments in cryptocurrencies.

In 2018, the cryptocurrency market turnover increased. Experts estimate it at 2.2 trillion dollars. This is a bit compared to the turnover of currency and stock markets. However, the current dynamics indicates a stable growth rate.

The main conclusion made by researchers is that a huge number of new users have come to the world of cryptocurrencies. However, most of them remain fairly passive, due to the current market situation. But when the trend changes, interest in the asset may become explosive in nature.

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